Below are the mortgage services we offer:
A private mortgage is simply a home loan offered by an individual or company other than a bank or traditional finance provider.
One of the biggest benefits of working with a private lender is they operate differently from traditional banks on many levels. Since they get their money through individual investors or groups of investors, they have the freedom to set their own lending criteria. This means they are more flexible in the application process and don’t have to deal with the stringent guidelines set forth by the major institutions. This means that if your situation falls outside conventional lending guidelines, a private mortgage could be your best bet.
Private mortgages are often suitable if you:
If you’re exploring a private mortgage, the first step is to seek out a broker who provides alternative lending services. The broker will assess your situation and determine if you are eligible for a loan. In particular, they will assess your ability to make the loan payments on time.
From there, the broker will then search for the best mortgage solution that meets your specific needs. They will then structure the deal and put in place an exit strategy so that you know how long the private mortgage will last.
It’s important to note that private lenders usually lend on location. That’s because private mortgages are uninsured, which means the lender falls back on the property should a default occur. That’s why location of the property is extremely vital in determining whether you qualify for a private mortgage and the rate that you’re offered.
Broker fees and legal fees generally apply when securing a private mortgage.
Private mortgages are growing in popularity as more borrowers fall outside the traditional lending guidelines set forth by the major banks. The good news is there are plenty of options for those looking for an alternative lending solution to finance their next property or major purchase.
I work with number of big banks, credit unions, monoline lenders and private investors for all your mortgage needs.
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I specialize in first time home buyer’s mortgages. I have helped numerous 1st time home buyers as I understand purchasing
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If you own your own home and you have some high interest credit card bills to pay, I can help you use the equity in your home
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You own your own business and now you are looking for a mortgage and finding it hard to find the right lender that specializes
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I have access to numerous private lenders across Canada for those who don’t meet the regular bank income qualifying or credit
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If you are looking for commercial mortgages, I have access to numerous lenders for commercial
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